Tag Archives: subject removal

First Time Home Buyer Safety – Offers Subject to Financing – What, Why, and How!

What is an Offer that is Subject to Financing?

This is an Offer to buy a property that is “Subject To” or conditional upon the Buyer getting a mortgage within a set period of time, usually one week.

In plain language, the Buyer and Seller agree to give the Buyer  a week to get a mortgage and if the Buyer cannot get a mortgage in that time, the Buyer can walk away from the deal with nothing lost.

Why do we make offers Subject to Financing?

Safety! If a Buyer presents an offer to a Seller without a Subject to Financing clause (like with a Subject Free Offer) and the Buyer can’t get a mortgage, the Buyer will have to pay th Continue reading

Posted in: First Time Home Buyers Advice for Vancouver, For Buyers
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Dates in Real Estate Transaction

No… I don’t mean candlelit dinners and footsy!

I mean Acceptance Dates! Subject Removal Dates! Completion Dates! Possession Dates!

Basically the important dates when you buy or sell real estate in Vancouver. This is pretty much a 2.0 version of an older post on my old blog. Check out Important Dates in Real Estate Transaction if I make a mess of my explanation.

Important Dates in a Real Estate Transaction By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
Posted in: For Buyers, For Sellers
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